U.S. Dollar holds firm before Fed's meeting

Source: Reuters
The U.S. Dollar strengthened on Tuesday against the Japanese Yen after falling in the previous session on speculation that the currency may decline after the U.S. Federal Reserve decides to trim its bond purchases on this week's policy meeting. The so-called Greenback inched up as much as 0.1% to 102.63 yen after slipping to 101.77, the least since December.

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Tue, 28 Jan 2014 06:08:04 GMT

China's industrial profits rise in 2013

Industrial profits in the world's second largest economy increased last year on an annual basis, the latest data revealed by the National Bureau of Statistics showed on Tuesday. According to the report, the country's industrial profits rose 12.2% in 2013 from a year ago, when in January-November period profits added 13.2% and in December combined profits gained 6% totaling 942.5

Tue, 28 Jan 2014 05:44:04 GMT

U.S. shares fall amid speculation over less stimulus by Fed

Wall Street stocks closed lower on Monday with the benchmark index Standard & Poor's 500 dropping for the third successive session amid speculation that the Federal Reserve may trim its bond purchases further. The Dow Jones industrial average slid 0.26% to 15,837.88, the S&P 500 Index lost 0.49% to 1,781.56 and the Nasdaq Composite index fell 1.08% to 4,083.61.

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